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Five years on, the Great Recession is turning into a life sentence - Telegraph by Decius at 12:29 pm EDT, Aug 13, 2012 |
Much of the debt will have to be written off. Whether this done by inflation (1945-1952) or default (1930-1934) will be the great political battle of this decade. Pick your side. Pick your history.
This essayist lays the smack down. |
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